LONDON--(BUSINESS WIRE)--
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Eastcheap Court 11 Philpot Lane London EC3M 8UD |
Tel 020 7862 6500
30 September 2020 |
PRESS NOTICE |
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AUCTION OF BRITISH GOVERNMENT STOCK
Auction Details |
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Auction Date |
Wednesday, 7 October 2020 |
Issue and Settlement Date |
Thursday, 8 October 2020 |
Bidding Convention |
Uniform Price (see Note 1) |
Index adjusted accrued interest payable with bid |
£0.021038389946 per £100 nominal |
Auction Open |
10:30am London Time |
Auction Close |
11:30am London Time |
Post Auction Option Facility Open |
2:00pm London Time |
Post Auction Option Facility Close |
2:30pm London Time |
Details of Security |
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Title |
0⅛% Index-Linked Treasury Gilt 2041 |
Amount (nominal) for auction |
£750 million (fungible with previous issues) (see Note 5) |
Nominal outstanding after auction |
£12,312.9 million (£12,925.8 million Index adjusted) |
Maturity Date |
10 August 2041 |
Interest Payment Dates |
10 February and 10 August |
ISIN Code |
GB00BGDYHF49 |
SEDOL Code |
B-GDY-HF4 |
Reference Index applicable to first issue date |
280.05484 (as at 12 July 2018) (see Note 4) |
Index Ratio at 8 October 2020 |
1.04978 |
Interest Payable |
Gross (see Note 2) |
Next Interest Payment Date |
10 February 2021 (Standard Coupon) (see Note 3) |
Note 1: Bids may be made on either a competitive or a non-competitive basis. Details of the bidding procedures are set out in the prospectus and in the Information Memorandum. Index-linked Gilt-edged Market Makers may bid by means of the Bloomberg Bond Auction System to the DMO not earlier than 10.30 am on Wednesday, 7 October 2020 and not later than 11.30 am on Wednesday, 7 October 2020.
Note 2: Holders may elect to have United Kingdom income tax deducted from interest payments, should they so wish, on application to the Registrar, Computershare Investor Services PLC.
Note 3: Actual amount of interest per £100 nominal is £0.0625 x Index Ratio for 10 February 2021 and expressed as a percentage in pounds sterling to six places of decimals and rounded to the nearest figure.
Note 4: The Reference Index for the first calendar day of any calendar month shall be the Retail Price Index figure for the calendar month falling three calendar months earlier. The Reference Index for any other day in the month shall be calculated by linear interpolation between the Reference Index applicable to the first calendar day of the month in which the day falls and the Reference Index applicable to the first calendar day of the month immediately following. Interpolated values for the Reference Index for any date should be rounded to the nearest 5th decimal place.
Note 5: Subject to the provisions of the Information Memorandum, this auction will be eligible for the Post Auction Option Facility of an additional amount of the Gilt equivalent to 25% of the nominal amount of the Gilt allocated at the auction. Details of the Post Auction Option Facility procedures are set out in the Information Memorandum, as supplemented by the prospectus.
Documentation |
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Prospectus for auction of £750 million of 0⅛% Index-linked Treasury Gilt 2041
DMO : 30 September 2020 |
Available on the DMO’s Gilt Market Publications webpage at: |
Information Memorandum relating to the Issue, Stripping and Reconstitution of British Government Stock
DMO : 31 March 2020 |
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Formulae for Calculating Gilt Prices from Yields
DMO : 16 March 2005 |
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Applications from Members of the Approved Group of Investors
For this auction applications may not be made by members of the Approved Group.